Bitcoin news

Bitcoin has broken past a key technical level that's signaling it could surge another 22% to near record highs.

Bitcoin jumped by 3.2% on Monday, to $53,393, representing its highest level since November 2021. The crypto token is up 26% year to date and up 126% over the past year.

While short-term technical indicators suggest there could be a period of consolidation in the days ahead, the uptrend should ultimately continue to its near-term and "final" resistance levels of $56,400 and $64,900.

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